Fortune Brands Home & Security, Inc. (NYSE:FBHS) Declares $0.26 Quarterly Dividend

Fortune Brands Home & Security, Inc. (NYSE:FBHS) announced a quarterly dividend on Monday, May 3rd, RTT News reports. Investors of record on Friday, May 28th will be paid a dividend of 0.26 per share by the industrial products company on Wednesday, June 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%.

Fortune Brands Home & Security has increased its dividend payment by 33.3% over the last three years and has raised its dividend every year for the last 1 years.

Shares of FBHS traded up $2.75 during mid-day trading on Monday, hitting $107.73. 932,206 shares of the company’s stock were exchanged, compared to its average volume of 878,748. The stock’s 50-day moving average is $97.15 and its 200-day moving average is $89.01. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 1.91 and a beta of 1.66. Fortune Brands Home & Security has a fifty-two week low of $47.50 and a fifty-two week high of $108.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.23 and a current ratio of 1.88.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, April 28th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.32. Fortune Brands Home & Security had a net margin of 8.36% and a return on equity of 22.37%. As a group, equities research analysts anticipate that Fortune Brands Home & Security will post 4.1 EPS for the current year.

In other Fortune Brands Home & Security news, insider Cheri M. Phyfer sold 3,348 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $89.60, for a total value of $299,980.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.45% of the company’s stock.

Several research firms have recently issued reports on FBHS. KeyCorp lifted their price target on Fortune Brands Home & Security from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 3rd. Truist lifted their price target on Fortune Brands Home & Security from $107.00 to $125.00 in a report on Friday. Royal Bank of Canada boosted their target price on Fortune Brands Home & Security from $99.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday. Truist Securities boosted their target price on Fortune Brands Home & Security from $107.00 to $125.00 and gave the stock a “buy” rating in a report on Friday. Finally, Credit Suisse Group boosted their price target on Fortune Brands Home & Security from $91.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $94.67.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

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Dividend History for Fortune Brands Home & Security (NYSE:FBHS)

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